About Hareon Solar India Private Limited
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Hareon Solar India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Hareon Solar Shanghai Co. Ltd.. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 15 January 2015.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2015PTC275518. Its GSTIN is 07AADCH5353D1ZU (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60.43 Lakh. It is led by directors including Manisha Rawat (Irp/Rp/Liquidator) and Lien Huang Cheng.
Its last annual general meeting (AGM) was held on 18 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. 1005A 10th Floor Indra Prakash Building Plot No. 21 Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.44 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹75.01 Lakh (net margin 30.7%) and EBITDA of ₹99.28 Lakh (EBITDA margin 40.7%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The last known website on record is en.hareonsolar.com.
Company details
Contact details
Hareon Solar India Private Limited's registered office is in New Delhi, Delhi. Its website is en.hareonsolar.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFlat No. 1005A 10th Floor Indra Prakash Building Plot No. 21 Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Hareon Solar India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Hareon Solar India Private Limited
FY 2024 filings availableHareon Solar India Private Limited reported revenue of ₹2.44 Cr (down 6% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA rose 81% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹99.28 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹75.01 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.7% | ||||
| Net Profit Margin | 30.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Hareon Solar India Private Limited, buy the company report.
Board of directors of Hareon Solar India Private Limited
Hareon Solar India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manisha Rawat Also directs: Felix Insolvency Professionals LLP, BN Peak Power-2 Private Limited, BN Peak Power-4 Private Limited and 5 more | Irp/Rp/Liquidator | 21 Oct 2024 | 2 Years 0 Months | As last reported |
| Lien Huang Cheng | Director | 05 Apr 2019 | 7 Years 6 Months | As last reported |
| Brijit Mahabala Shetty Also directs: Hermes Sun Power Private Limited, Metlen Energy India Private Limited, Demeter Sun Power Private Limited and 1 more | Director | 10 May 2021 | 5 Years 5 Months | As last reported |
Auditor
Hareon Solar India Private Limited is audited by NANGIA & CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NANGIA & CO LLP | FY 2019 | 002391C |
Shareholding
The shareholding of Hareon Solar India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hareon Solar India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Hareon Solar India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hareon Solar India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hareon Solar India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCH5353D1ZU | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hareon Solar India Private Limited, buy the company report.
Recent activity
Hareon Solar India Private Limited has 9 board changes on record since 2016: 3 appointments and 6 cessations. The latest: Manisha Rawat was appointed as Irp/Rp/Liquidator on 21 Oct 2024.
Frequently asked questions
Hareon Solar India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Hareon Solar India is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 15 January 2015 and is registered under CIN U74140DL2015PTC275518. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hareon Solar India has 3 current directors:
- Lien Huang Cheng - Director
- Brijit Mahabala Shetty - Director
- Manisha Rawat - Irp/Rp/Liquidator
The latest financial statements of Hareon Solar India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 18 July 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hareon Solar India is U74140DL2015PTC275518. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hareon Solar India was incorporated on 15 January 2015. It is registered with the Registrar of Companies, Delhi.
Manisha Rawat was appointed as Irp/Rp/Liquidator on 21 Oct 2024. Brijit Mahabala Shetty ceased to be Additional Director on 30 Nov 2021. Brijit Mahabala Shetty was appointed as Director on 10 May 2021. Hareon Solar India has 9 board changes on record in total.
Hareon Solar India can be reached through the website en.hareonsolar.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Hareon Solar India is at Flat No. 1005A 10th Floor Indra Prakash Building Plot No. 21 Barakhamba Road, New Delhi, Delhi, India – 110001.
The GSTIN of Hareon Solar India is 07AADCH5353D1ZU, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
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